Hints and tips:
...The term “Minsky moment” is named after the late Hyman Minsky, an academic economist, and was coined in 1998 by Paul McCulley when he was an economist at UBS....
...And thanks to a combination of Robert Shiller at Yale, who more or less invented the term, and the team at Bespoke Investment, we can now measure irrational exuberance....
...Mr McCulley will rejoin the firm in a new role as chief economist, reporting to Pimco’s founder and investment supremo, Bill Gross, and become an additional public face for its views on global macroeconomic...
...This would ensure a troubled shadow bank could always find a counterparty in the market,” Paul McCulley, chief economist at Pimco, wrote in an opinion piece for the Financial Times this week....
...Thank you America, but… David wonders whether AIG’s next heart-warming ad campaign might end up featuring chief executive Robert Benmosche having his cake and eating it....
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